A trading opportunity to buy in VERIBTCTechnical analysis:
. VERITASEUM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.003920 to 0.002290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.003920)
Ending of entry zone (0.002290)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.007100
TP2= @ 0.011268
TP3= @ 0.016840
TP4= @ 0.021330
TP5= @ 0.025820
TP6= @ 0.032220
TP7= @ 0.040390
TP8= Free
Veritaseumbitcoin
There is possibility for the beginning of uptrend in VERIBTC...Technical analysis:
VERITASEUM/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support and it touched the strong uptrend line in Daily Chart .
In RSI the downtrend was broken and "Bullish Exit" is occurred.
The RSI is at 51.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.0111 to 0.0080), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0111)
Ending of entry zone (0.0080)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0150
TP2= @ 0.0181
TP3= @ 0.0210
TP4= @ 0.0267
TP5= @ 0.0408
TP6= Free
